NOT LISTED FOR SALE

8 Somerset Ln Unit 1 Nantucket, MA 02554

Estimated Value: $1,653,000

2 Beds
2 Baths
1,572 Sq Ft
0.33 Acres

Last Sold May 25, 2018

Last sale price $724,000 $461 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $9,529/month

62 Days on Market

About This Home

As of May 2018

This charming 1-story home is a free-standing condominium conveniently located just West of Town. The property offers ample parking and a generous yard filled with mature landscaping; being sold as-is.

Last Agent to Sell the Property

Elizabeth Almodobar

Berkshire Hathaway HomeServices Island Properties Nantucket Listed on: 02/21/2018

Berkshire Hathaway HomeServices Island Properties Nantucket

Last Buyer's Agent

Cameron Gammill

Fisher Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $165

Year Built

  • Built in 1980

Lot Details

  • 0.33

Home Design

  • 1,572 Sq Ft Home
  • Block Foundation

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck

Utilities

  • Well
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 27
  • Assessor Parcel Number 464

Property Details

Home Type

Condominium

Est. Annual Taxes

$165

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condominium
  • Road Frontage Type: None
  • Lot Size Acres: 0.3259
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Possible Use: 3-B
  • Appliances: Stove: Yes, Washer: Yes
  • Has Basement: Full Basement with interior access via hallway stairs, multiple storage areas, utility room with bulkhead access.
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Pine, linoleum, tile.
  • Interior Amenities: Ins, Floor 1: Living room, kitchen, laundry room with built-ins, interior access to garage, exterior door to side yard, bathroom, bedroom, bedroom with en-suite bathroom, spacious family room with sliding doors to deck and fenced in portion of yard., Floor 2: Attic storage accessed by pull down stair located in garage.
  • Main Level Bedrooms: 2

Exterior Features

  • Lot Features: Yes
  • Pool Private: No
  • View: None, Res
  • Exterior Features: Deck
  • Foundation Details: Block

Garage/Parking

  • Parking Features: Yes

Utilities

  • Heating: OFHW
  • Sewer: Septic Tank
  • Utilities: Cbl
  • Water Source: Well

Lot Info

  • Parcel #: 464
  • Zoning: R20

Tax Info

  • Tax Annual Amount: 164.85
  • Tax Lot: 27
  • Tax Map Number: 56
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2018
Closed on
May 25, 2018
Sold by
Westerlund Neeltje U
Bought by
Mastriano Michael J and Mastriano Micajah D
Seller's Agent
Elizabeth Almodobar
Berkshire Hathaway HomeServices Island Properties Nantucket
Buyer's Agent
Cameron Gammill
Fisher Real Estate
List Price
$749,000
Sold Price
$724,000
Premium/Discount to List
-$25,000
-3.34%
Total Days on Market
62
Current Estimated Value
$1,653,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$929,000
Avg. Annual Appreciation
11.05%
Original Mortgage
$650,876
Interest Rate
4.4%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mastriano Michael J $724,000 --
Mastriano Michael J $724,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mastriano Michael J $633,000
Closed Mastriano Michael J $650,876
Previous Owner Westerlund Neeltje U $63,000
Previous Owner Westerlund Neeltje U $325,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2018 05/25/18 Sold $724,000 -3.3% $461 / Sq Ft
04/25/2018 04/25/18 Pending -- -- --
02/21/2018 02/21/18 For Sale $749,000 -- $476 / Sq Ft
Source: LINK

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,998 $914,100 $0 $914,100
2022 $2,487 $664,900 $0 $664,900
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Almodobar

    Seller's Agent in 2018

    Elizabeth Almodobar

    Berkshire Hathaway HomeServices Island Properties Nantucket

    (508) 685-7703

    30 Total Sales

    Elizabeth Almodobar
    Section Image
  • Cameron Gammill

    Buyer's Agent in 2018

    Cameron Gammill

    Fisher Real Estate

    (508) 228-4407

    93 Total Sales

    Cameron Gammill
    Section Image
See All Agents

Map

Source: LINK

MLS Number: 84148

APN: NANT M:00056 P:00464

Massachusetts Nantucket County Nantucket 02554

8 Somerset Ln Unit 1, Nantucket, MA

This home is located at 8 Somerset Ln Unit 1, Nantucket, MA 02554 since 21 February 2018 and is currently estimated at $1,653,000, approximately $1,051 per square foot. This property was built in 1980. 8 Somerset Ln Unit 1 is a home located in Nantucket County with nearby schools including Nantucket Elementary School, Cyrus Peirce Middle School, and Nantucket High School.

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